Loan Comparison: 4.63% vs 6.5%
2598 Harlan, Edgewater, CO 80214 · 3bd/3ba · $550,000
List Price
$550,000
Assumable Rate
4.63%
Remaining Balance
$268,264
Equity Gap
$281,735
Loan Type
FHAAdjust Your Scenario
$27,500
$27,500$281,735
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 4.63% (FHA)
Blended Rate: 6.51%
Monthly Payment Comparison
New Conventional @ 6.5%
$3,303/moAssumable @ 4.63% + gap loan
$3,335/moAssumed loan: $1,380/mo
Gap financing: $1,955/mo
Your Savings on This Property
2598 Harlan, Edgewater · 4.63% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($281,735) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($27,500, 5% of purchase price) and a second mortgage for the rest ($254,235 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 2598 Harlan.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.